What should be considered in the re-evaluation of compliance risk?

The following conditions need to be considered in the re-evaluation of compliance risk:

In the process of enterprise operation, some situations may need to be considered to re-evaluate the compliance risk. Here are some common situations that need to be re-evaluated:

Changes in laws, regulations or regulatory policies: The operation of an enterprise must conform to the laws, regulations and regulatory policies of the state and regions. If these laws, regulations or regulatory policies change, it may be necessary to re-evaluate the compliance risk of the enterprise. For example, if the country's tax policy changes, it may be necessary to re-evaluate the tax compliance risk of enterprises.

Enterprise strategic adjustment or business change: enterprise strategic adjustment or business change may lead to changes in compliance risk. For example, when an enterprise expands a new business area or changes its business model, it may need to re-evaluate the compliance risk of the new business area.

Changes in internal policies or processes: Changes in internal policies or processes may lead to changes in compliance risks. For example, if an enterprise changes its internal audit process or strengthens its internal control, it may need to re-evaluate the compliance risks faced by the enterprise.

Occurrence of compliance risk events: In case of compliance risk events, such as major violations by enterprises and penalties imposed by regulatory agencies, it is necessary to re-evaluate compliance risks. These events may indicate that the compliance risk of enterprises in some aspects is high, and a more comprehensive assessment is needed.

Inspection or review by regulators: If the enterprise is inspected or reviewed by regulators, it may be necessary to re-evaluate the compliance risk. The inspection or review by the regulatory authorities may find that there are problems or deficiencies in the enterprise, and it is necessary to rectify and re-evaluate the compliance risks.

In a word, enterprises need to pay attention to the changes of laws, regulations, policies, internal processes and businesses at all times in order to re-evaluate compliance risks in time. In addition, if compliance risk events occur or are inspected and reviewed by regulatory agencies, compliance risk needs to be reassessed.